Opportunity International, a US-based nonprofit organization with a focus on microfinance, has received a three-year grant of unspecified size from Credit Suisse’s Microfinance Capacity Building Initiative, a Credit Suisse program that aims to contribute to the strengthening of microfinance institutions.
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MICROCAPITAL BRIEF: responsAbility Lends $3m to Microfinance Institutions Advans Cameroun, Opportunity International Bank of Malawi
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans totaling the local-currency equivalent of USD 3 million to financial institutions Advans Cameroun and Opportunity International Bank of Malawi (OIBM).
MICROCAPITAL BRIEF: Pesinet Brings Microinsurance, Health Monitoring to Children in Mali
MobileActive, a global network of people using mobile technology for social impact, recently reported on Pesinet, a French nonprofit that uses mobile technology to provide regular health checkups and insurance to young children in Mali.
MICROFINANCE EVENT: CGAP (Consultative Group to Assist the Poor) Hosts Virtual Conference “Understanding Multiple Borrowing and Avoiding Over-indebtedness Among Clients,” January 12 and 13, 2012
Event Name: Understanding Multiple Borrowing and Avoiding Over-indebtedness Among Clients
Event Date: January 12 – 13, 2012
Event Location: Online
MICROCAPITAL BRIEF: Incofin Lends $6m to Microfinance Institutions Vision Banco of Paraguay, Lazika Capital of Georgia, Credit Mongol of Mongolia, Forus Bank of Russia
Belgian company Incofin Investment Management (Incofin IM) has disbursed loans through microfinance investment funds it manages to four microfinance institutions (MFIs): USD 3 million to Vision Banco of Paraguay, USD 1 million to Lazika Capital of Georgia, USD 1 million to Credit Mongol LLC of Mongolia and USD 1 million to Forus Bank of Russia [1, 2, 3, 4].
MICROCAPITAL BRIEF: The International Finance Corporation (IFC) to Invest $1m in Equity in ACCION Microfinance China
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has signed an agreement with ACCION International, a US-based nonprofit organization, to invest USD 1 million in ACCION’s Chinese affiliate, ACCION Microfinance China (AMC).
MICROCAPITAL BRIEF: Incofin Invests $3m in Equity in Arman Financial Services Limited of India
Arman Financial Services Limited (Arman), a non-bank finance company based in India, has announced that its board has approved a proposed equity investment from Belgian company Incofin Investment Management (Incofin).
MICROCAPITAL BRIEF: Ugafode Receives Microfinance Deposit-Taking Institution License from Bank of Uganda
Ugafode Microfinance, a Ugandan microfinance institution (MFI), reportedly has received a license from the Bank of Uganda to act as a Microfinance Deposit-Taking Institution (MDI).
MICROFINANCE PAPER WRAP-UP: “Too Much Microcredit? A Survey of the Evidence on Over-Indebtedness;” by Jessica Schicks, Richard Rosenberg; Published by CGAP (Consultative Group to Assist the Poor)
By Jessica Schicks and Richard Rosenberg, published by CGAP (Consultative Group to Assist the Poor), September 2011, 44 pages, available at: http://www.cgap.org/p/site/c/template.rc/1.9.55377/
MICROFINANCE PAPER WRAP-UP: Microfinance Investment Vehicles in Sub-Saharan Africa: Constraints and Potentials, by Bertrand Moulin, Published by Centre for European Research in Microfinance (CERMi)
By Bertrand Moulin, published by the Centre for European Research in Microfinance (CERMi), August 2011, 20 pages, available at: http://mpra.ub.uni-muenchen.de/32967/
MICROCAPITAL BRIEF: MicroSave Launches Capital Structuring and Equity Valuation Toolkit for Microfinance
MicroSave, an India-based technical assistance, training and resource center for microfinance practitioners, has launched its Capital Structuring and Equity Valuation Toolkit for microfinance professionals.
MICROCAPITAL BRIEF: Microinsurance Innovation Facility (MIF) Accepting Applications for Africa-Based Fellowships Until November 30, 2011
Four microinsurance fellowship positions based in Africa have been made available through the Microinsurance Innovation Facility of the United Nations’ International Labour Organization (ILO).
MICROCAPITAL BRIEF: Kate Waiganjo, MicroEnsure Country Manager in Kenya, Discusses Mandatory Loan Insurance for Microfinance Borrowers
In an article on the website of MicroEnsure, a subsidiary of US-based microfinance network Opportunity International, Kate Waiganjo, MicroEnsure’s Country Manager in Kenya, discusses the issue of mandatory loan insurance.
MICROCAPITAL BRIEF: MicroEnsure, Tigo, Milvik, Golden Crescent to Deliver Tigo Bima Microinsurance Product in Tanzania
MicroEnsure, a subsidiary of US-based microfinance network Opportunity International, has teamed up with mobile phone operator Tigo Tanzania and microinsurance service provider Milvik to offer Tigo Bima, a new microinsurance product being offered to Tigo clients in Tanzania.
MICROCAPITAL BRIEF: EU Pledges Additional €5m to EBRD’s Small Business Programmes in Eastern Europe
The European Union (EU) has committed an additional EUR 5 million (USD 6.9 million) to the UK-based European Bank for Reconstruction and Development (EBRD) for its “TurnAround Management” (TAM) and “Business Advisory Service” (BAS) programs in the Eastern Partnership region [1].
MICROCAPITAL BRIEF: Incofin Lends $3.6m to Microfinance Institutions Finance for Development of Azerbaijan, Asian Credit Fund of Kazakhstan, Kompanion of Kyrgyzstan
Belgian company Incofin Investment Management (Incofin IM) has recently disbursed loans through microfinance investment funds it manages to three microfinance institutions (MFIs): USD 800,000 to Azerbaijani Finance for Development (FinDev), KZT 44 million (approximately USD 305,000) to Kazakh Asia Credit Fund (ACF) and USD 2.5 million to Kyrgyz Kompanion.
MICROCAPITAL BRIEF: Triodos Invests in Microfinance Institutions DemirBank of Azerbaijan; First Microfinance Bank, Arvand of Tajikistan; Arnur Credit of Kazakhstan; Kompanion of Kyrgyzstan
Triodos Investment Management, a Netherlands-based manager of four microfinance investment funds, recently reported to MicroCapital that it has invested an undisclosed amount of funds in the following five microfinance institutions (MFIs): DemirBank of Azerbaijan; First Microfinance Bank – Tajikistan (FMFB-TJK) and Arvand, both of Tajikistan; Arnur Credit of Kazakhstan; and Kompanion Financial Group Microfinance Closed Joint Stock Company (Kompanion) of Kyrgyzstan [1].
MICROCAPITAL BRIEF: MicroEnsure to Offer Microinsurance in Kenya Using M-Pesa, FrontlineSMS:Credit Technology
The Kenyan office of MicroEnsure, a subsidiary of US-based microfinance network Opportunity International, is employing M-Pesa, a mobile money service in Kenya, and FrontlineSMS:Credit, a nonprofit software provider specializing in mobile financial services, to offer microinsurance policies independent of savings and credit groups.